Duplex & Land portfolio in downtown Durham! This listing offers 1508, 1510, 1512 N Alston Avenue, & 804 Lee St. Lots on N Alston Ave currently have 2duplexes, all 4 units rented at $625/mo. Feasibility study & site plan (city approval still needed) included in documents. Potential for 18-unit apartmentcommunity, 7-unit townhome community, or subdiving property into nine buildable lots. With the recent passing of SCAD (see attached) or Simplifying Codesfor Affordable Development, this lot can be built even more densely than before. Call for details.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Land Info
- Lot Size Acres: 0.51
- Lot Size Square Feet: 22216
Multi-Unit Info
Rental Info
- Lease Term: Month To Month
Other Property Info
- Annual Tax Amount: 3549
- Source Listing Status: Active
- County: Durham
- Tax Year: 2023
- Source Property Type: Residential Income
- Property Subtype: townhouse
- Source Neighborhood: Not in a Subdivision
- Parcel Number: 110954;110953
- Postal City: Durham
- Subdivision: Not in a Subdivision
- Zoning: RS-M;RU-5(2)
- Property Subtype: Quadruplex
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2381
- Year Built: 1950
- Above Grade Finished Area: 2381
- Building Area Total: 2381
- Property Age: 74